Oil has found support, and continued its broad zig-zag rally. We dipped down below $106 briefly, but found support and quickly rebounded past $108, into the vacuum zone between $108 and $113. The Kovach OBV is still strong, and there is nothing fundamental to suggest lower prices. As targets we have $113 then $116. From below, $108 and $106 should provide...
oil looking to do a dump calling it before its cool target 80
Previously bullish on Crude Oil, especially after it met expectations to break out of the triangle. However, it did meet resistance and failed with a gap down, pushing back to retest the triangle. At this point, pre-(US)market hours, Crude broke back into the triangle, which would be bearish in nature, expecting an exit on the other side to ensue in due...
buy cl target 122.69 stop loss 100.39, the possibility of going up is good
65% profit and price 174$ on the way. There is another great sign that the channel will be broken out.
Oil has kept steadily rising, blasting through our profit targets. We smashed through $106, then $108, then appeared to stabilize for a bit under $113. But yesterday, we were able to break that level too. We are currently hovering under $116, finding resistance just under this level confirmed by two red triangles on the KRI. The Kovach OBV has picked up...
Crude oil, as previously heads up, has broken out of its triangle decisively. It is now needed to clear 120 to continue its uptrend comfortably, with a near term target of 125. Nonetheless, daily technicals are supportive, with bullish candlestick patterns, so 125 target is deemed reasonably attainable. Longer term upside targets are 155-160, by early June, which...
CL1! is trading between the traditional & Fibonacci yearly pivot points. The BIGGEST reversals happen at the yearly pivot points!
Clearly there is a Bearish Divergence on XLE and XES on RSI and PPO On Weekly time frame as well, there is negative divergence Risk to Reward clearly favors Short Opportunity
I have not seen such bullish candlestick patterns for a very long time now... The weekly chart had an amazing weekly candle where it is a T type doji, with indications of massive upward momentum, pushing with upward pressure. This comes in tow with two or three previous long tail pattern, and the weekly close is highest in the past 6 weeks. Weekly MACD appear to...
Oil has extended gains, breaking through $106 and currently testing $108. We appear to be feeling out the range between $100 and $108, but there is a bull bias, and the Kovach OBV has picked up notably. If we are able to continue the rally, there is a vacuum zone to $111. We do appear to be facing resistance at the moment, confirmed by some red triangles on the...
This chart shows how the extreme selling over the past few weeks has deleveraged/revalued the US/Global stock markets to near extreme lows. Historically, once this indicator falls below 25, the markets appear to be near extreme capitulation of any selling event. Obviously, extreme market trends could push this level below 25 for longer periods of time, but...
Excellent short setup on Natural Gas! Waiting for the 7.5 Level to Short! Also SUMMER is here in USA and across the Globe...
This is good for everything risk on, if it plays out.
It looks like WTI broke and closed above a key daily structure resistance. Now the market will most likely go higher. The next resistance on focus: 114.3 - 116.6 area ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
There's rumor that EU is planning to ban russian oil until year 2027 gradually to zero. MACD is forming to a right line. As soon as 5 days MACD goes to the top level again. it's time to see another rally of WTI US oil. Price will continue to grow and it could create oil crisis sooner or later. Shanghai and Beijing is trouble with lockdown also, Chinese...
As projected previously, Crude Oil prices are spiking and momentum continue to suggest that it is on track, and just might accelerate. Weekly chart closed with bullish momentum pattern and above average of the recent weeks. Long lower tails and close near the weekly tops suggest bullish momentum (also picking up?) The daily chart is now holding above a...